The fiduciary rule and you
President Donald Trump's administration is working to dismantle a complex set of financial rules including the "fiduciary rule," which requires certain financial professionals to act in their clients' best interests when providing retirement advice.
The fiduciary rule requires brokers who sell stocks, bonds and other investments to meet a stricter standard that has long applied to registered financial advisers: being considered "fiduciaries" — trustees who must put their clients' interests first.
Brokers can provide financial advice as long as it's "suitable" for the age, finances and risk tolerance of the client.
Registered investment advisers, on the other hand, are considered "fiduciaries" and must disclose any fees, commissions or potential conflicts of interest.